Supreme Court · 2005 INSC 357 · Decided 11 August 2005
Rajendra Construction Company v. Maharashtra Housing and Area Development Authority and ORS.
- Court
- Supreme Court of India
- Citation
- 2005 INSC 357 · [2005] SUPP. 2 S.C.R. 582
- Case number
- CIVIL APPEAL No. 5045/2005
- Decided
- 11 August 2005
- Bench
- C.K. THAKKER, P.K. BALASUBRAMANYAN (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 31(3), 21
Headnote
Arbitration Act, 1940: C Section 17-Arbitration award-No reasons in support of-Validity- D E Neither the arbitration agreement nor the contract provided for recording of reasons by the Arbitrator-Held: High Court could not set aside the award on the ground that it was not supported by reasons and and Conciliation Act, 1996, S. 31 (3). Sections 13 and 29-lnterest-Award of-Power of Arbitrator­ Arbitrator awarded interest@ 18% per annum on the principal amount from the date of the suit till the date of the award as also from the date of the award to the date of payment or the
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